Press release
Electric Recliner Market Set to Expand, Projected to Reach USD 8.31 Billion by 2030
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ซ ๐๐๐๐ซ๐๐๐ฌ๐ ๐๐จ๐ซ ๐ฐ๐ก๐๐ญ ๐๐จ๐ง๐ญ๐๐ข๐ง๐ฌ ?Rising Demand for Automated Comfort: Electric recliners, equipped with motors for effortless adjustment, are gaining popularity among consumers seeking enhanced comfort and convenience. The elderly and individuals with mobility issues find electric recliners particularly beneficial, driving market expansion globally.
Technological Advancements: Continuous innovations in electric recliner technology, such as improved motors and ergonomic designs, are enhancing consumer experience and fueling market growth. Manufacturers are focusing on integrating smart features and remote control functionalities to cater to evolving consumer preferences.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ
Increasing Disposable Income: The rise in dual-income households worldwide has boosted spending on home furnishings, with electric recliners becoming a preferred choice due to their comfort and status appeal. Consumers are willing to invest in premium, automatic alternatives over traditional furniture options, further propelling market growth.
E-commerce Surge: The proliferation of online shopping platforms has significantly contributed to market expansion, enabling consumers to browse and purchase electric recliners conveniently. Online retail channels, characterized by extensive product choices and competitive pricing, are expected to drive sales growth during the forecast period.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐: https://www.maximizemarketresearch.com/request-sample/72020/
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
The global Electric Recliner market, valued at USD 5.68 billion in 2023, is expected to grow at a CAGR of 5.6% during the forecast period, reaching USD 8.31 billion by 2030. This growth is driven by increasing disposable incomes, technological advancements in home furnishings, and a shift towards automated comfort solutions.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Home Theater Recliners
Multiplex Recliners
Living Room Recliners
Sofa Lounger Recliners
Massage Recliners
๐๐ฒ ๐๐๐ฌ๐ข๐ ๐ง
Causal
Traditional
Contemporary
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Specialty Stores
Supermarkets & Hypermarkets
Branded Stores
Online Channels
Other
Distribution Channels: Online retail platforms are experiencing rapid growth, offering consumers convenience and a diverse range of electric recliner options. Offline retail stores with personalized customer service also remain pivotal in catering to specific consumer preferences and enhancing brand loyalty.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
An electric recliner uses a motor, or a chain of motors, to recline and adjust the direction of the recliner into a comfortable position, whereas a standard recliner uses a manual release control and the motion and weight of the user's body to achieve the same goal. People who have trouble standing up from a seated posture or opening and closing conventional recliners are the main target audience for electric recliners. Electric recliners have grown in popularity in recent years.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ??
Europe: Currently leading the market share, Europe is expected to maintain its dominance throughout the forecast period. Countries like the UK, France, and Germany are witnessing increased sales of technologically advanced and custom-designed electric recliners, catering to affluent consumer preferences.
Asia Pacific: Emerging as the fastest-growing region, Asia Pacific is poised for substantial market expansion. Rising disposable incomes, coupled with the presence of regional manufacturers in countries like China and Vietnam, are driving the demand for electric recliners in this region.
North America: With significant contributions from the United States, North America holds a substantial share in the global electric recliner market. The region benefits from a robust consumer base inclined towards adopting innovative home furnishings, including advanced recliner technologies.
๐ ๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ฅ๐ข๐๐ค ๐ญ๐ก๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/72020/
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ & ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The competitive landscape of the Electric Recliner market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Electric Recliner market. The report employed a bottom-up approach to ascertain Electric Recliner market estimations and growth rates.
To gain insights into Electric Recliner market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Electric Recliner market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.
Both primary and secondary data gathering techniques were employed for the Electric Recliner Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Electric Recliner Market.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. AM Furniture
2. American Leather
3. Ashley Furniture Industries
4. Ekornes ASA
5. Haverty Furniture Companies
6. Kieraya Furnishing Solutions Pvt. Ltd.
7. La-Z-Boy
8. Nilkamal
9. Palliser Furniture
10. Steinhoff International
๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐๐จ๐ฆ๐ฆ๐๐ง๐๐๐ญ๐ข๐จ๐ง๐ฌ
The electric recliner market is poised for continued growth, driven by technological advancements, demographic trends favoring comfort solutions, and expanding distribution channels. Market players are advised to focus on innovation, quality assurance, and strategic partnerships to capitalize on emerging opportunities and address regulatory compliance challenges.
In conclusion, the global Electric Recliner market presents lucrative opportunities for manufacturers and retailers alike, with sustained growth expected across regions. As consumer preferences evolve towards automated and comfortable living solutions, the market landscape is set to witness dynamic changes, positioning electric recliners as integral components of modern home furnishings.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐๐จ๐ซ ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ฑ๐ฉ๐ฅ๐๐ง๐๐ญ๐ข๐จ๐ง: https://www.maximizemarketresearch.com/market-report/global-electric-recliner-market/72020/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Electric Recliner?
What is the growth rate of the Electric Recliner Market?
Which are the factors expected to drive the Electric Recliner market growth?
What are the different segments of the Electric Recliner Market?
What are the factors restraining the growth of the Electric Recliner Market?
What is the demand pattern of the Electric Recliner Market?
What major challenges could the Electric Recliner Market face in the future?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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